Contact: John Hartgen
             703-739-0800
             [email protected]

ABI’S NEWEST PUBLICATION PROVIDES POINTERS FOR ATTORNEYS LOOKING TO BE RETAINED AS DEBTOR COUNSEL

May 7, 2008, Alexandria, Va. — The American Bankruptcy Institute’s (ABI) newest publication, Retention and Payment: Essentials of Being Retained and Paid as Debtor’s Counsel in Chapter 11, is a must-read for attorneys who may be generally unfamiliar with the chapter 11 process, but find themselves representing chapter 11 debtors. Retention and Payment provides important practice pointers on obtaining court approval of the retention as debtor's bankruptcy counsel and obtaining court approval to be paid for services rendered to the debtor. It also contains samples of an engagement letter, a retention application and associated documents, and a fee application. Co-authored byH. Slayton Dabney Jr., an attorney at King & Spalding LLP who has extensive experience with retention issues, the handbook provides an overview of significant issues chapter 11 counsel may encounter in navigating the retention and payment process.

The 102-page softbound manual is available for purchase ($25 ABI members; $45 non-members) at ABI’s Online Bookstore. Click here to order.
http://www.abiworld.org/abistore

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 11,700 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abiworld.org/conferences.html.